Electric Aircraft Market Set to Soar to $37.2 Billion by 2030

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Electric Aircraft Market Set to Soar to 37.2
Billion by 2030
The Electric Aircraft Market report provides an
analysis of the market from 2022 to 2030. It
discusses the industry and technology trends that
are currently prevailing in the Electric
Aircraft market, along with the
drivers, challenges, opportunities.
restraints, and The

• Electric Aircraft market is expected to grow
  from USD 8.8 billion in 2022 to USD 37.2
  billion in 2030, at a CAGR of 19.8 during the
  forecast period. Increase in air traffic and
  various
• technological advancements in aircraft systems is
  expected to drive growth of the electric
  aircraft market.
• Download PDF Brochure _at_
• https//www.marketsandmarkets.com/pdfdownloadNew.a
  sp?id52646445
• Based on Application, the military segment of the
  electric aircraft market is accounted for the
  largest market share during the forecast period.
  Due to the large presence of UAVs in military
  for different missions the early market share is
  expected to be larger in the military
  applications. With the advent for Advanced Air
  mobility along with electric long distance
  travel aircraft the commercial segment is
  expected to take over.
• Based on system, the aerostructures segment is
  expected to dominate the market during the
  forecast period. One of the main methods electric
  aircraft manufacturers are trying to reduce the
  weight of the aircraft is by adopting light yet
  durable materials for the aircraft
  aerostructures. These materials can have high
  cost compared to traditional materials used in
  aircraft manufacture. Due to these factors
  aerostructures have a larger market share during
  the forecast period.
• North American region accounts for the largest
  market share among the regions. The US is the
  largest adopted of electric aircraft across all
  regions. The North American market is also
  ramping up investment in their production
  facilities and other infrastructure that will
  support the urban air travel ecosystem. North
  America is home to the major Full-body scanner
  manufacturers and service providers. Major OEMs
  and service providers like Boeing (US) and Joby
  Aviation (US) among others run their operations
  from the US.
• News Also Covered https//www.prnewswire.com/news
  -releases/electric-aircraft- market-worth-37-2-bi
  llion-in-2030--exclusive-report-by-marketsandmarke
  ts- 301771273.html

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